Few useful links for tracking Nexo stats -

https://nexologist.com/

https://nexostatistics.com/loans/

You can track the buyback program, total loans, market cap etc. Great tools for tracking the growth of the platform. 

They have made great leaps year over year.

Total loans yearly -

2018- 19m

2019- 132m

2020- 583m 

This is the type of growth we want to see!

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The other topic I wanted to discuss concerning Nexo is taking a loan using the NEXO token as collateral. 

For example, let's say I have 1500 nexo tokens worth $0.50 each (for this example) for a total of $750 usd. 

Now at platnium loyalty my apr is 5.9%. I take out $100 USDC against my nexo tokens and deposit it back into my nexo savings wallet. 

Now I'm earning 10% on that $100 while paying 5.9% for the loan. 

Most people look at this and claim this is not a sustainable business model because you are earning more interest then you are paying. 

The problem is they do not take into account that the $100 of USDC you borrowed is also lent out by Nexo if you keep the money on their platform. They are earning 5.9% on your loan + whatever they make loaning it out again. 

Instead of my nexo tokens just sitting & waiting for dividend payments, why not use it to leverage more crypto. Most people are holding NEXO long term anyway. Might as well put it to use. 

You do not lose your loyalty tiers & if you click on manage wallets under the nexo token it says right at the top of the page - "Both wallets are eligible for receiving dividends."

Lastly, it simply makes sense to keep nexo tokens in the credit wallet because they do not earn interest & if you want to take out a loan I would prefer them to be used as collateral first since you don't want to reduce daily interest earnings.

Not to mention it's an easy way to compare the ratio of Nexo tokens vs. total portfolio value by just checking the amount in your credit wallet.

Until the next time-

Hope this helps someone!